Transcripts For FBC MONEY With Melissa Francis 20141023

After yesterdays tripledigit plunge. On track to head into positive territory on the year. Transports and consumer stocks playing a big part in the rally, as well as stellar earnings from caterpillar and 3m. Here to discuss all of it, very own Charlie Gasparino. Jack hough, a Senior Editor of barrons. Spencer ant day, cofounder of who we use. Thanks for joining us. What do you think of the rally . Earnings have been decent. Were about 35 of the way through earnings season right now. If you look at the latest numbers from thompson, based on what weve seen so far they think well see 7 Earnings Growth a little over 7 and 4 Earnings Growth. If we do that Going Forward stocks are probably a pretty good deal though. Melissa so much volatility though. When is qe scheduled to end . Melissa how many more months do we have left . Couple more months. Melissa not long. We were talking about ebola. Talking about slowdown in europe. Talking about bad earnings. Things have turned in a few days. Apple crushed it. Nike crushed it. Melissa they turn and turn again i dont know. That is volatility. Risks are taken off the table. Ebola threat is receding. Good numbers out of europe, okay. Melissa what about Canadian Parliament . What about lone wolves all over the place. What about somebody climbing white house wall yesterday . Listen, barring you have to really watch the fed. Of course. The only thing you have to do here. If the fed will do qe sooner, end qe sooner, raise Interest Rates sooner i think you start selling stocks. Melissa there is opportunity for all the volatility for sure. Canadas Parliament Making emotional return to the capital following a deadly shooting spree. It is anything but business as usual. Earlier today the national war memorial, a man arrested at gun point just steps from the Prime Minister, Stephen Harper. Authorities claim the man crossed police boundaries while harper and his wife mourned soldiers slain in yesterdays attacks. This is very dramatic footage. Canadas head of state, not only one being targeted. A 23yearold maryland resident in custody after breaching the white house perimeter. The dogs got hit, wow. The dogs got him. Score one for the dogs. Melissa yeah. These guys, al qaeda, isis, i mean, you look at things theyre doing, theyre publishing magazines. Glossy magazines. Sending to English Speaking countries. Theyre basically handbooks for lone wolf type people out there. Melissa it is working. Tell them dont try to put together a big, complex attack because you might get caught. Take things you have around you and try to kill a couple of people. These magazines are out there. People read them. Im worried were going to see more attacks like this. Melissa well talk about that later in the show. What is the vulnerability here in the u. S. Charlie, what do you think . I think it is, this gets back to the Obama Administration. I mean, listen, when do markets really get wobbly here . When we talk about the fed, whether they mike raise Interest Rates early or whatever. And when it looks like the Obama Administration is completely inept and they cant handle certain crises. That is when you see a lot of problems. Now yesterday the market sold off a little bit based on this. Melissa triple digits. But it was up the day before. I dont know if it was directly related. Could have been a lot of reasons. This is the problem president obama has. The investing public has lost complete and utter confidence in him. That is what ebola was all about. Wasnt that people are significant around thinking okay, the United States will be stricken with ebola like west africa is. The administration does not have a does not have a plan. Put these things into perspective. Unfortunately we live in a world with a lot of crazy people that will do a lot of crazy things. This is latest example. Doesnt mean the world will end. To make my point, the flu kills 20 to 30,000 people a year. Ebola kid a couple people in america. Why are we freaking out . You have Administration Lies to you, doesnt lie to you, but spin it cant get it somewhat casually, were totally prepared. The train could come off the tracks at anytime. Terrorism terrorism has the same impact. Im not sure personal opinion about obama driving markets. Come on. Really . Melissa no, it is hell in hand basket theory. There are a lot of polls from a lot of difficult organizations you think ebola rates you. Think investing public when we talk about Institutional Investors that control this market has a lost faith in this administration . They dont. Confidence in the Obama Administration is on the decline, there is no question. Melissa apple finding itself bogged down in double trouble. Customers using newly implemented apple pay, everyone was so excited. Reportedly they got charged twice purchases. Glitch affected a thousand transactions. They were refunded. Talk about a crisis in confidence. I dont want to get charged twice for my starbucks. That is not nice. One of the few people that got charged twice are im glass halffull today guy today. Melissa okay. I remember when people were talking about iphone is bending and it will kill apple. Melissa right. The sales are through the roof. People love this phone. They love melissa whether ripping your hair out of your head or bending you want it. Doesnt matter. You know what . The same thing will happen with apple pay. It will take a while. I called today to get one they were sold out in my local store. Im not happy about that. There is not enough supply to meet demand. Apple pay will slowly build momentum and probably a huge financial payoff for apple. Melissa charlie will never getting on. He will never get out apple. They will have to work out the kinks. Apple pay doesnt make money for them. Not expected to make much money Going Forward. Melissa they get a percent. But this much money. Melissa everyone using, i wouldnt count it out. It could be levered into big things down the road. I think it could be a big thing down the road. Long time policy of one big cigarette maker going up in smoke. Telling employees, starting next year theyre no longer allowed to smoke at desks or in common areas. Do you believe they were doing this . This is progressive stance, if it were 1968. This is, look at it both ways they sell cigarettes, saying you cant smoke at desk or in common areas, admits there is something toxic about smoking. At the same time, can you imagine a place left in america where you can sit at your desk and smoke . Everything about this story to me is, who would like to go first. Im old enough to remember newsrooms, you used to be able to smoke inside newsrooms at your deck. Melissa what was it like . You were required to smoke. We talk about political correctness, newsrooms back when i first started in 1980s were very politically incorrect places. You could smoke and you could curse. Melissa we still curse. You curse on tv in fact. Were in trouble with that all the time. Im sure it will happen again. Who are they kidding . These are companies, i hate to say it, they, careful, careful. They manufacture stuff that causes cancer. With the world coming to an end for smoking how has reynolds stock more than doubled over past year. Theyre still use doing okay. Melissa they have view brand and smoked tobacco. They have 25thousand employees and percentage of employees that smoke is same with the rest of the country, 18 . 18 of people still smoke . Really . If you work at anheuserbusch can you have a sixpack at your desk at the end of the day . Melissa i wouldnt have thought you could smoke. I think you could have a drink at anheuserbusch. Melissa probably. Romance apparently not dead after all. Alive and well heated by hot fires of bloomin onion. To create a lovers lane of vinyl booths, out back having a date night menu. Get a bloomin onion and cheesecake to share and salad for roughly 40 bucks. I love outback, are you kidding me . Outback is my second favorite place for a date after the shake shack. This is brilliant idea. Whenever one of my friend is having a child. I tell them two things. Mass sell to have and get a babysitter one night a month. Melissa go to outback. Have a date night. Have a date night. Totally playing melissa go out one night a week, are you going to outback again if only going one night a week . I think it is smart. A lot of people will take advantage. What about people who cant get dates . What about singles night . Melissa if you go, if we go to group from work, do we have to pair up in order to get the discount . Theyre fighting back against the idea more people go there for lunch and it is a lot cheaper. Theyre trying to get people to go for date night. Is outback, you dont like the olive garden which i love. Are you prejudiced against outback as well . I love outback. I can never convince my wife to get to outback. Melissa that is totally different price point. Gentlemen, thank you very much. Lets all go to outback this weekend. Holiday shipping wars already in full effect but some are feeling more like a lump of coal than a festive gift. Plus struggling for answers amid a rising tide of terrorism. More money, maybe some answers coming up next. [singing o canada. Banking. Loyalty. Analytics. Synchrony financial. Engage with us. Means keeping seven billion ctransactions flowing. G, and when weather hits, its data mayhem. But airlines running hp endtoend solutions are always calm during a storm. So if your business deals with the unexpected, hp big data and Cloud Solutions make sure you always know whats coming and are ready for it. Make it matter. An Unprecedented Program arting busithat partners businesses with universities across the state. For better access to talent, cutting edge research, and state of the art facilities. And you pay no taxes for ten years. From biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo. Startupny has new businesses popping up across the state. See how startupny can help your business grow at startup. Ny. Gov melissa stocks surging today in one of the years biggest rallies. The dow inching toward a 300 point jump for the day. Well see why the bulls are back. Nicole petallides on floor of new york stock exchange. What is inspiring this rally, nicole . It is pretty interesting. Everybody is back to the fundamental as least for now, melissa looking at earnings and thats been really leading the way. The Dow Jones Industrial average is up as you noted 284 points. That is a gain of 1. 7 . So certainly doing great across the board. Were seeing up arrows in just about every sector aside from telecom. That was weak because of earnings also. At t. Talking about names were following, caterpillar which beat profit views. Thats good. Increasing outlook and with that it has been jumping. The other name were watching is 3m. 3m also strong sales with profit increase and that too is a real winner. Volatility is still here. Were on our 24th consecutive day of some big swings on wall street. Back to you. Melissa nicole, thank you so much. Canadian Police Arrest amanda at gunpoint steps away from the countrys Prime Minister. The incident follows yesterdays shooting that left one soldier and the attacker dead. Fox businesss peter barnes has been watching events unfold. Peter what can you tell us . Melissa, thats right. A scary moment back at the war memorial in ottawa this morning when Prime Minister Stephen Harper went there to lay a wreath to honor the soldier, natan cerillo, fatally wounded at the site by that shooter. During that ceremony, a man crossed the security line and, of course was immediately taken down, by police, with their weapons drawn. He was arrested, when he was searched. They didnt find any weapons on him but an investigation into this mans action is underway right now. Also want to give you the latest here at the white house. White House Press Secretary josh ernest briefing reporters on the latest from the u. S. , from this side of the border on the shooting yesterday and, josh earnest actually following Prime Minister harpers description yesterday of the event as a terrorist shooting. Take a listen. Our hearts go out to the victims of the despicable terrorist attacks that occurred in canada this week. Canada is one of our closest allies, partners around friend in the world and we stand to shoulder with them in solidarity. But were not hearing from canadian authorities or u. S. Authorities on, exactly, why this would be a terrorist attack. Whether or not it was just a lone wolf who was radicalized or whether he was part of some kind of terrorist network or sleeper cell. The investigation obviously still ongoing. Melissa . Melissa peter, thank you so much of the threat of a lone wolf attack putting people in this country on edge. Many raise the possibility of one occurring here on u. S. Soil. Experts say theyre almost impossible to predict or prevent. We have jonathan gilliam, president and ceo of United States continued service. He is former navy seal. Tom ruskin, president of cmp protective, investigative group. Also a former new York Police Detective investigator. Tom, youre a crisis manager for the mayor. You dealt with a lot of similar situations here in new york city. You were right on the money yesterday when we were talking about this on the show. What do you think now, as the situation has unfolded and how do we stop this from haing in new york or anywhere else around the country. Lets talk about every city in this country because the whole country faces the same problem. Melissa right. You really cant stop it. If it is an individual who is in his basement who is becoming radicalized on his own, not at all involving anyone else it is very difficult to stuff. We know from Faisal Shahzad in may three years ago, went to times square to detonate himself only because he failed terrorism school. Melissa you do try to protect against it, and you feel it is almost impossible to prevent, what can you do. What you can do you targeting the way people, we say are radicalized. You find out a mosque that hint of that, that mosque is gone, investigation open. You have a website, you get rid of it. That is the first and foremost thing. You can concentrate on those things. Melissa in this particular case with the man in canada, they knew he was a threat, they knew he was a problem. They had taken away his passport. So he turned up on the radar but city, i mean is there more that could have been done . Probably. That will roll out as we know more about the investigation, what was done. What we learned from the tsarnaev brothers, the guys that did the boston bombing. They were on the radar to jonathans good point, those are the people we have to learn from these experiences. Law enforcement and Intelligence Network of how to deal with them and how to stop them. How to target them, learn this happening and bring them down. Melissa how can you be more aggressive once somebody crops up on the radar without infringing on their rights . Tom will tell you, precedent is already there. This is how we handle bank robbers fingerprints. This how we handle violent criminals on the radar. We follow them and take active role in the case. We dont sit back and say theyre part of a religion. We have to kind of keep our bounds. With bank robbers melissa that is a big part the problem. Thats a big problem. Melissa say youre infringing on their religious rights, theyre targeted, protoo file. Profiled. There is a threat coming out after specific area, listen that day and age is gone. Tough start looking at this from a threat perspective. Melissa do you agree . Absolutely. Have to protect the Fourth Amendment and our constitution and peoples rights but at certain point in time Law Enforcement has to take more aggressive stand and learning from the incidents and what we will do for the future. Melissa gentlemen, thanks for being here. Thanks for having us. Melissa how londons iconic buss are going driverless . People on food stamps told to start looking for work. But wasnt that a requirement already . Piles of money on the way. Melissa get a quick check on the markets. Were having fun here in the commercial break. Youre making money today as the dow gets closer to a 300point jump. On track for the biggest gain of the year. The surge fueled strong earnings by likes of caterpillar and 3m. Well keep our eye on this as the market moves higher today. You have to work hard for your money and your food stamps. Next spring, thousands could be cut from indianas food stamp program. Turns out to qualify you have to actively be looking for work. Fox businesss own david asman. Jack hough is with us as well. Indiana previously waived federal requirement that food stamp participants have to be employed full time, actively looking for work or Training Program in the future. Doesnt seem very stringent those requirements. Not only not stringent weve been here before. In 1996, we had welfare reform. Tremendous welfare reform and both republicans and democrats under president clinton got together to do it. There were main points of 96 welfare reform. Fiveyear limit on benefits. Require recipients search for work, otherwise welfare to be removed. Have states replace the replace with welfare to work program. Welfare rolls went down 60 . Child poverty biggest decline in 30 years. Single mother families, 25 better off. Melissa this only applies to ablebodied adult without children the if you have children the rules do not apply. You cant say youre taking food out of mouths of children. Crucial point, for family with kids, these are some of the best dollars we spend. Theyre targeted and effective. Changing rules for families without kids, that is a different story. We have to be careful that kids are not harmed. Melissa is that all you got over there, jack . It doesnt include kids. Not only that, even those welfare reform policies that did affect families with kids, specifically the ones with families with kids, kids ended up better off after the workfare went into place in 96. Much better off. Fine tune this program is fine but i do think we have to be careful about demonizing food stamps. Melissa okay. It is an important program. Melissa let me help with you your case over there, jack, im not sure youre making such a strong case. Thank you. Melissa those on the other side, you said in the break youre not much of a liberal. Turns out you really arent. Thats right. Trying to paint you in a cornmelissa some folks say mony better spent helping people find jobs rather than managing whether or not theyre on food stamps. Any effort were putting into trying to figure out who shouldnt get food stamps should be put instead to helping people find jobs. That is the point you could have made there. The point melissa never mind. Point on food stamps. Not very expensive and goes to thing we want which is food. Not what you are doing specifically is consigning kids to this mentality of welfare dependency. This is something that even way back, when welfare started in the 1930s, with fdr he realized the worst thing of welfare it can create a sense of depend den system. Throughout generations. So the last group on earth you want to have dependency mentality built into are kids. People with lazy parents shouldnt get cut off. Kids that see the parents turn around is great inspiration. Melissa on that note, i want to point your attention but were about to cross the 300 point mark. Were at 299 points higher. Look at that. Melissa we told you earlier this is on back of some stellar earnings. A bounceback after yesterday. We continue to see it, especially volatility in the market. This is going the ways of the bulls. David, what do you think . Absolutely. This is a turn around. The problem is, and i mentioned there yesterday. When markets really changed dramatically based on headlines theyre not as long as they would be otherwise. Used to be a month or two ago these markets would climb walls of worry. Now theyre slipping on the walls, whether ebola, isis or terrorists. Numbers coming from caterpillar. Very important for global growth. Cocacola had poor numbers. We know why theyre bad. Melissa jack, that was a good point. That was a good point. We all agree. Melissa the worlds Richest Terrorist Group as isis grows stronger is the key to defeat cut cutting off its income . New reports say the ottawa shooter acted alone. Naval analyst who called it yesterday on the show, is back on the show. Piles of money and more market moves coming right up. [ breathing deeply ] [ inhales deeply ] [ sighs ] [ inhales ] [ male announcer ] at cvs health, we took a deep breath. [ inhales, exhales ] [ male announcer ] and made the decision to quit selling cigarettes in our cvs pharmacies. Now we invite smokers to quit, too, with our comprehensive program. We just want to help everyone, everywhere, breathe a little easier. Introducing cvs health. Because health is everything. Ghave a nice flight rh. Bag right here. Traveling can feel like one big mystery. Youre never quite sure what is coming your way. But when youve got an entire company who knows that the most ontime flights are nothing if we cant get your things there too. 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This is on the back of some good earnings out of 3m, keeping a close eye on the market today as it surgeries higher. Even though we dont know the identity of the shooter yet, all of these hallmarks are consistent with a lone wolf shooter scenario. That was on the show yesterday following the shooting in ottawa, canada. We are learning a lot more since then, but the question remains was this a lone wolf attack . Did the shooter have ties to a terrorist organization . Chris is back with us now. You know, chris, you were right on top of it yesterday at that point in time. There were a lot of folks out there saying that this was a product of isis. What do you think now today as more details have come out . Well, transactionally, it still looks like this was a lone shooter. What i mean by that, he wasnt directed by isis, financed by isis, he wasnt equipped by isis. He certainly may have been inspired by isis, we wont know what his specific ideology is until the investigation is complete. Given the fact he was killed, that makes it more difficult to wrap up, but im sure that the canadian Law Enforcement is doing everything they can in cooperation with american Law Enforcement to tie this guy down, tie his profile down, see where hes been on the internet, who hes associated with. So i think ideologically he may very well have been inspired by isis, but transactionally, he was not command directed by isis. Melissa of course everybody talk about how that is going to be a bigger and bigger problem, folks that are radicalized, you know, by isis and turns into terrorists, how do we battle back against that . That is the biggest problem. Theres three types of terrorists were doling with, number one, the terrorists who originate overseas launch a spectacular attack. Thats what mohamed atta and his crew of hijackers did on 9 11. The second type of terrorist is someone like the tsarnaev brothers up in boston who originate here in america, go overseas to get train ared or instructed, come back and conduct their attack. By far and away the most difficult to detect and deter one somebody like this guy up in canada who, by all accounts, was radicalized in place and then hauled off on a lone shooter attack. Its just incredibly difficult for the fbi or canadian Law Enforcement to predict and prevent that type of attack. Melissa chris, very worrisome, yesterday was the deadline that isis had set for the most recent hostage, peter kasich. What do you think . I think isis is going to kill whoever they can get their hands on. Isis does not have a future in terms of its ability to conduct conventional warfare. They are near their limits now. They might expand more in syria and iraq, but theyre not going to be marching across the border into turkey, rolling up on the gates of vienna like 500 years ago. This is not who they are. They understand their ability to achieve their strategic goals is contingent upon their ability to cause terrorist attacks throughout the west and north america. So thats what their going to keep doing. To the extent they can grab hostages elsewhere in the region, theyre going to do that. We saw turkish criminal gangs in the process of organizing some kidnappings to sell them over to isis. This is the type of transactional terrorism thats going to be also very difficult because you dont have ideological basis, you just have a financial basis. Guys looking to kidnap and sell hostages to isis. Melissa right. Chris, thank you for the information. Thank you. Melissa u. S. Coalition airstrikes are delivering a heavy hit to markets selling oil on the black market, cutting off the terrorist groups. Monetary supply may be a key factor in defeating them. Rich edson has more on this angle. Reporter melissa, the Treasury Department calls isis probably the best funded terrorist organization the United States has confronted, citing a Million Dollars a day in oil revenue, 20 million this year in cansome payments. Ransom payments. David cohen, to disrupt that, says treasury will accelerate its effort efforts to identify sanctions targets. Many will have to eventually use the International Finance system where theyre vulnerable to sanctions, though he acknowledges the effectiveness of these measures is difficult to quantify. This is not going to be a exercise where we are going to, you know, at the end of every month be able to, you know, produce a Balance Sheet that shows what isils finances look like. This is going to be, you know, a steady effort that will degrade isils financing over time. Reporter as for regional partners in the fight against isis, cohen says saudi arabia and the United Arab Emirates are steadfastly committed to efforts to disrupt Terror Financing though he labels qatar and kuwait permissive on that front. Melissa . Melissa rich, thank you so much. California going where others have failed. People in San Francisco now trying to eradicate your oversized soda. Plus, less than two weeks to go until some in d. C. May be given an eviction notice. This years midterms set to be the costliest ever, but will cash really help a candidate in need . At the end of the day, it is all about money. Terrorists were dealing with, melissa im Melissa Francis with your fx business brief. The campaign against big soda is moving to california people in San Francisco and berkeley will vote next month on whether to tax oversized soft drinks. Please. Health Officials Say it will help in the fight against diabetes. Trick citys taj mahal casino is going to remain open for now. Trump entertainment is still looking for a way to rescue the taj by transferring ownership to billionaire carl icahn. And now uber is getting into the flu shot business . The instant car service is delivering free flu shots on demand within three cities today including new york, boston, d. C. No insurance required. That is the latest on the fox business network, giving you the power to prosper. [ female announcer ] we love our smartphones. And now telcos using hp Big Data Solutions are feeling the love, too. By offering things like onthespot data upgrades an idea that reduced overcharge complaints by 98 . No matter how fast your Business Needs to adapt, if hp Big Data Solutions can keep wireless customers smiling, imagine what they can do for yours. Make it matter. Melissa markets in rally mode. The dow just off session highs, we did cross above 300 points a little while ago. Lets bring in phil flynn for price futures group, a fox business contributor. Energy one of the big sectors thats driving this rally. Talk to me about energy, phil. Well, it is. Were back up today, 1. 68 on the oil. Really this is the biggest comeback, i think, in the stock market since the royals last night. Its incredible. Were back above the 200day moving average. Look at the drop, big drop cans in the vixx today, even the gold market is down very, very substantially. Oil prices, of course which were falling out of bed for a multitude of reasons, a big build in oil supplies, declining demand really seemed to turn around on report that saudi arabia actually slowed oil exports last week last month. That slowed down the rally, but the weakness in the market that we saw the last couple days is really coming back with the strength in the stock market. So is more confidence out there, theres that lack of fear today. That is good for the oil market right now. The other thing that i think is really interesting is if you look at whats happening with the wti contracts, the front end of the contract is trading at a lot lower than the back end of the curve, and thats basically a sign, you know, the sign that theres going to be a lot of oil in the u. S. Melissa phil, thank you so much. From the u. S. To every corner of the globe, money is flying around the world today starting in new zealand which has made the most epic Flight Safety video ever. Air new zealand partnered with the team behind the hobbit trilogy preparing for an energy. You will fight dwarfs, elves and a battle scene, even an appearance from actor elijah wood. What did that cost . Over to the u. K. Where driverless buses could hit roads as soon as next year. The vehicles use gps to determine their exact location and navigate roads. The law will still initially require personnel to sit behind the wheel. Thats a good idea. Landing in hong kong where saxophonist kenny g has been bringing his smooth jazz. The musician caused a stir among the Chinese Government when he tweeted a selfie of himself in the middle of protests. That tweet has since been deleted, and kenny g now insists he doesnt know anything about the situation. Okay, this years midterms said to be the most expensive ever, but does the candidate with the most money always come i out on top . Here now katie pavlich, Jonathan Hoenig from capitalist pig hedge fund. Fox news contributors. Jonathan, this is a point you made on our air last week. You got a very hard time for it among people on our set. You went and found the math behind it was from freakonomics, right . Tell indeed. Well, Charlie Gasparino had talked about the more money spent in an election, the higher odds that candidate has of winning. And, melissa, to your point given the size of the spending on this electoral season, youd think that would be the case. In fact, its just not. People dont vote based on ad buys or anything else, they base it on their own morality, their own ethics and the more a candidate spends doesnt mean they have any higher Melissa Katie pavlich, what do you think about that . I think it depends on the issues that are on the table. This year liberal outside groups are going to be spending more than conservatives, and it looks like democrats are going to lose in waves across the country. Melissa why are they pouring so much money in it doesnt make a difference . It must make a difference. It does, it certainly makes a difference, but i think its just one piece of the whole election pie. Sometimes more money means people win elections, sometimes it doesnt. Melissa wait, wait, happening on. Money issues like obamacare are affecting people at home, and thats what theyre voting for. Melissa hang on, hang on because, i mean, certainly the democrats think it makes a difference because one of the saddest Political Fund raising emails ever went out recently, the Democratic National Campaign Committee shooting off the following message to its supporters its over. Its done. We have no ideas left. [laughter] the republicans are spend 20 million filling our tv screens with lying, obamabashing ads, but we dont have enough cash to fight back anymore. Really . Then why is the president flying around country raising money . Wheres that money going . Katie . Yeah, they certainly have enough money, and democrats look like theyre going to be spending more election cycle. Theyre just trying to get their supporters into this desperation mode, implying that money wins elections. The bottom line, too, its the lesson democrats are always complaining about money in politics, and yet theyre the ones spending the most money. Melissa jon that many, when i saw this latest email, i wasnt on the first round, so surprisingly enough, i dont get emails from democrats who are trying to raise money. You click on the chip in now. It really has an air of some serious i mean, theyre very desperate, it feels like. Go ahead. Unfortunately. Melissa, theres probably no larger regulated element of campaigns than the financing of them. Wed like to think this is some unregulated market, but its highly regulated and, of course, thats why the cost has gone up. Whenever regulation comes in, the cost goes up. Thats why the costs of elections have come up, and the cumbersome nature of raising money for elections. Melissa okay. Yeah, and from the white house to capitol hill, so this is according to a new report, Michelle Obama is being urged to run for the u. S. Senate seat in california. Dianne feinsteins seat in 2018. Cheryl sanders going to be mad about this, wasnt that her seat . There might be some cat fighting going on. Ive said since the beginning that Michelle Obamas not going to stop at the senate, she is going to go all the way for the white house. Im predicting he wont just stop at a u. S. Senate run, well eventually see a White House Campaign as well. Health million thanks to both of you guys. Markets are on fire. Lets check in with liz claman to see what shes got coming up. Liz i tell you, im having so much fun look at what these charts are showing you. Yes, we are looking at a dow up nearly 300 points. It is a solid day for the bulls who are charging ahead right now as we go forward the closing bell. Guess what, though . You need to be very careful when you are picking names, and we have andy bremer along with barry james of james advantage funds, they are going to give you their muster money madness picks. You have ohare andys is fascinating. Andys got a name that has a 7 yield. It is very easy to purchase, and it looks like a real solid play as do james as well, so were looking at all of those and much more. Plus, the cruise industry. Everybody started wondering what would happen with ebola. Well, guess what . We have adam goldstein. He runs this ship and the company that runs that ship. It is going to be fascinating to hear about Royal Caribbean cruise as they beat on eps. Missed slightly on revenues but, china, china, china. Dont forget, as you see this stock move lower, does that mean that the Chinese Consumer is not going to be booking those cruise tickets . Its a big story for Royal Caribbean. Maybe its a buying opportunity stock. Weve got the ceo. Well see you at the top of the hour. Melissa liz, thank you. Look forward to it. Amazon hiking the minimum purchase to get Free Shipping for the holidays. Plus, an Innovative Solution to californias drought involving a brick. You wont believe where you put the brick. Were going to talk to the creator of the technology. You can never have too much water. From fashion retailers to healthcare providers, jewelers to Sporting Good stores, we provide Financing Solutions for all sorts of businesses. Banking. Loyalty. Analytics. Synchrony financial. Engage with us. Melissa what does a Million Dollar Halloween Costume look like . There it is. New meaning to the phrase dripping with diamonds. Called the morph suit, it is encrusted head to toe with 70,000 diamonds. It is locked inside a london vault. It can be yours for just 1. 6 million. The real question, though do you actually see anything when youre wearing this . Can you see that you look like an idiot in this when youre wearing it . That was not in the script. I added that myself. How bizarre is this . I want to know if anyone buys it. All right, with a major drought happening in california, people are looking for any way possible, i mean, any way possible to save water. Our next guest has created a rubber brick that could save millions of gallons a year. Joining me now is one of the founders, greg hadden. Greg, so you take the rubber brick, and you drop it in your toilet tank, is that right . Thats correct, melissa. Melissa and what does it do . Its really old time technology, you know . Its simple volume displacement. It displaces about half a gallon of water in your toilets tank, so it basically ticks your toilet tricks your toilet. Melissa okay. Its like having a lowflow toilet, i guess. Sort of like, i understand. Youre displacing the water. There are some new toilets that already do things like this. Its 12 plus 5 shipping. Why would i pay you that money rather than just putting in an actual brick i might already have in the tank. Thats a great question, melissa, and its something that weve asked ourselves from the beginning with this project. First of all, i should say its 12 plus 3 shipping to anywhere in the u. S. Melissa okay, im sorry. So 15 no, no problem. 15 for a rubber toilet brick. Why should you pay 15 . Really what we wanted to do was make something that was really convenient and easy for people to use so we could start saving as much water as public. You can use a real brick, you should if youre inclined to do so, just wrap it in plastic. This is part of a larger psa campaign to raise awareness. Now, our brick is also the smartest toilet brick ever invent ised. [laughter] melissa i dont know what the average iq of a normal toilet brick is, but i will take your word for it. Greg, thank you so much for coming on. I appreciate what you do. Thanks so much. Melissa shares of herbalife moving after Charlie Gasparino hits social media. Exclusive details coming up next. Dont move, because you can never have too much money or too many toilet bricks, obviously. New york state is jumpstarting business with startupny. An Unprecedented Program that partners businesses with universities across the state. For better access to talent, cutting edge research, and state of the art facilities. And you pay no taxes for ten years. From biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo. Startupny has new businesses popping up across the state. See how startupny can help your business grow at startup. Ny. Gov you are making money today if you are in the market. The dow has a strong grip on the majority of gains on the days. Hovering about 250. Earnings propelling that move with stocks, 3m, caterpillar, visa, goldman and chevron. Charlie is back with news on herbalife, always the trendsetter, charlie . I wish i could say i have huge breaking news. I literally retweeted what i said last month about herbalife. And you will get more of this on november 3rd when they release the quarterly earnings. Which was . They are not going to get shut down by the federal trade commission that the herbalife investigation that was maybe started by short sell of bill ackman, the pyramid scheme is not going to lead to the shutdown. They will miss earnings a little bit. When the market hears that, again, they understand the worstcase scenario, probably, what the company is telling investors and i hope theyre not lying when they say this, the worstcase scenario is not going to materialize. You never know, i cant get in the ftcs head. The power of twitter. Im telling you what the company is telling investors. I dont like the stock, i dont know how you make money off of protein shakes. The notion of distributors whether they can sell, whether they are end users, problematic. You think theyre a pyramid scheme . Usually they blow up a lot sooner. Okay, looking at the stock move on Charlie Gasparino. That is all we have for now, i hope youre making money today. Introducing our brand new money printer, if you follow me on twitter, you are part of the campaign to get xerox to fix our printer. We have fun all day long like we do on the show. Follow me on twitter. Countdown with liz claman starts right now. Liz can they fix mine . Sure. Liz its been a while since we said this, here it goes, corporate earnings to the rescue. Eureka so far at this minute, you are in stocks, youre making money right now with major averages all rally more than 1 on the backs of pretty nice earnings results. From the likes of caterpillar and comcast and as you, the investor, bet on the American Consumer sending a wave of names like these on your screen, home depot, dominos pizza, dr. Pepper and more to record highs. Does the rally continue to roll . And that brand new smart ship